Tecoma

TECOMA, VIC 3160, is a suburb with a population of 2064 residents. The area has a significant number of residents aged between 5 to 44 years. The median household income per week is $2,022. The suburb offers various commuting options, with a notable proportion of residents opting to work from home. Moreover, TECOMA has a relatively high ICSEA percentile for government schools, indicating educational advantages for students. For Houses, TECOMA may attract renovators due to a high saleprice IQR ratio, suggesting potential for value-adding improvements. The market absorption rate is high, indicating strong demand and potential for price growth. For Units, the suburb has shown positive median growth over the years. The rental yield is reasonable, making it an attractive option for investors seeking steady returns. TECOMA, VIC 3160, offers a mix of demographics with educational advantages for students. The suburb provides good commuting options, including a significant number of residents working from home. For investors, TECOMA presents opportunities for renovation projects in Houses and potential steady returns in Units. The high market absorption rate signifies strong demand, indicating a positive investment outlook. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022